What Does Professional Liability Insurance Cover?
What does professional liability insurance cover? If you are looking into business insurance, you have more than likely come across E&O/professional liability insurance. Trying to understan business insurance products can often lead you down a rabbit hole trying to figure out what coverage you need and what each type of policy covers. That being said, […]
What Is Professional Liability Insurance Coverage?
What Is Professional Liability Insurance Coverage? What Is Professional Liability Insurance Coverage? Professional liability insurance aka errors & omissions (E&O) insurance is a type of liability coverage designed to protect traditional professionals (e.g., accountants, attorneys) and other professionals (e.g., human resource consultants, management consultants etc.) against liability incurred as a result of errors and omissions […]
Omissions Insurance: What is it?
Errors and Omissions Insurance Insurance Def: Looking for an ALIGNED business insurance quote? Call us toll free at 1-866-287-0448 &/or visit our Get A Quote page. Errors and Omissions insurance aka professional liability insurance is a type of liability coverage designed to protect traditional professionals (e.g., accountants, attorneys) and other professionals (e.g., human resource consultants, management […]
Absolute Exclusion: ALIGNED’s Term of the Day
Absolute Exclusion: ALIGNED’s Term of the Day One word can have many different meanings. That’s why ALIGNED is committed to helping demystify the often complex terms commonly found in business insurance policies. By helping to bring clarity to insurance terms, we’re working to align our understanding of risks, coverages and policies with the needs of […]
Errors and Omissions Insurance: What is it?
E&O Insurance aka Professional Liability Insurance Errors and Omissions insurance aka professional liability insurance aka E&O insurance is a type of liability coverage designed to protect traditional professionals (e.g., accountants, attorneys) and other professionals (e.g., human resource consultants, management consultants etc.) against liability incurred as a result of errors and omissions in performing their professional services. What Does Errors and […]
Consulting Company Insurance
Consulting Company Insurance Overview Description of operations: Consultants offer a wide range of advice and services for just about any type of industry or operation. Consultants specialize in a particular area of expertise. They normally are considered “independent contractors”. One of the most common services that a consultant provides is research and information on a […]
Technology Company Insurance Overview
Technology Company Insurance Overview Technology companies own valuable intangible assets, such as sensitive data, software and intellectual property, which a commercial general liability(CGL) and/or commercial property policy doesn’t provide coverage for. Technology company insurance is designed to protect against the significant risk of economic loss related to intellectual property, network liability and network and cyber property security. […]
IT Consulting Risk Management: A Must Read
IT Consulting Risk Management There is a great article by Duncan Card, of Bennett Jones, entitled: IT Consulting Contract’s Distinction With A Difference that is both highly informative and practical. The article includes excellent tips for managing risks associated with entering into “IT Consulting” contracts from the perspective of the contractor or consultant and the organization contracting the services. This article is a must read for […]
Absolute Exclusions: Is The ALIGNED Insurance Term Of The Day
Absolute Exclusions Explained Absolute Exclusions def: Exclusions found within certain insurance policy forms, precluding coverage for claims that are remotely—but not directly—related to the actual nature of the exclusion. The effect of such language is to defeat coverage in situations where it could be reasonably expected that coverage would apply. For example, an absolute exclusion […]
Professional Liability Insurance For Architects and Engineers
Engineering Firm Professional Liability Insurance Professional Liability Insurance For Architects And Engineers Explained As an engineer or architect, you work in a highly-skilled, detail-oriented industry and are expected to provide quality design services that are free of errors or omissions. Despite your expertise, knowledge and best intentions, the reality is that not all projects are […]
